This topic contains a solution. Click here to go to the answer

Author Question: Which of the following statements regarding insurance and gambling is (are) true? I. Insurance is ... (Read 139 times)

Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
Which of the following statements regarding insurance and gambling is (are) true?
 
  I. Insurance is used to handle existing pure risks, while gambling creates a new speculative risk.
  II. Insurance usually involves risk avoidance, while gambling typically involves only risk reduction.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

In addition to marketing life insurance, life insurers typically sell which of the following products? I. Retirement annuities II. Disability income insurance
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ahnyah

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

Answer: A

Answer to Question 2

Answer: C





 

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

For a complete list of videos, visit our video library